Nova to Acquire ReVera, Provider of Advanced X-Ray Metrology Solutions, to Strengthen Position in Advanced Process Control Market

Acquisition expected to be accretive to non-GAAP EPS and provide differentiated portfolio for meeting customers' challenging wafer fabrication processes


Conference Call at 10 a.m. ET on March 12, 2015

Nova Measuring Instruments Ltd. (Nasdaq: NVMI), a leading innovator and a key provider of optical metrology solutions for advanced process control used in semiconductor manufacturing, today announced the acquisition of ReVera Incorporated, a profitable privately held company headquartered in Santa Clara, Calif. The acquisition is subject to customary closing conditions, and once closed expected to contribute $25-$30 million in annual revenue and be accretive on a non-GAAP basis within 12 months of closing.

Nova will acquire 100% of the equity of ReVera, on a cash free, debt free basis, for $46.5 million in cash from existing funds. Management currently expects the transaction to close by mid-April, 2015.

ReVera is a leading provider of materials metrology solutions for advanced semiconductor manufacturing. ReVera's products focus on process control of composition and film thickness for complex, multi-layer film stacks in the most critical process steps. The synergy between Nova's Optical CD technology and ReVera's unique X-Ray Photoelectron Spectroscopy (XPS) technology will deliver leading edge solutions for superior process control at the most advanced technology nodes.

"We are extremely excited about this strategic acquisition that sets the stage for us to accelerate our profitable growth while providing continued exceptional value to our customers," commented Eitan Oppenhaim, President and CEO of Nova. "This combination of complementary technologies creates the most innovative metrology portfolio in the industry focusing on the process control challenges evident at the most advanced technology nodes. ReVera's unique X-Ray technology is highly synergetic to Nova's Optical CD technology and will allow us to strengthen our market position with leading-edge customers in both the Memory and Logic segments."

"Nova's decision to acquire ReVera is a defining highlight in ReVera's evolution," stated Glyn Davies, ReVera's President and Chief Executive Officer. "We see this milestone as a great opportunity to combine unique technologies of the two companies to create a synergetic portfolio that best addresses current and future industry challenges. The strength of our complementary portfolio will broaden the available market and increase our ability to serve our customer base. We are excited and looking forward to joining Nova's team."

Conference Call Information

Nova will host a conference call Thursday, March 12, 2015 at 10 a.m. Eastern Time, to discuss the acquisition.

To attend the conference call, please dial one of the following teleconferencing numbers. Please begin by placing your calls five minutes before the conference call commences. If you are unable to connect using the toll-free numbers, please try the international dial-in number.

U.S. Dial-in Number: 1-888-510-1765

ISRAEL Dial-in Number: 1-80-924-5906

INTERNATIONAL Dial-in Number: 1-719-457-2645


10:00 a.m. Eastern Time

07:00 a.m. Pacific Time

04:00 p.m. Israeli Time

The conference call will also be webcast live from a link on Nova's website at For those unable to participate in the conference call, there will be a replay available from a link on Nova's website at

About ReVera: ReVera Incorporated is a leading provider of materials metrology solutions for complex, multi-layer film stacks for advanced node semiconductor manufacturing. Its products are used by device manufacturers worldwide to measure, monitor and control film thickness and composition of critical device layers in high-volume production and to enable rapid development and control of complex, new processes. ReVera products set the standard for High K - Metal Gate, tunnel oxide and capacitor film metrology. Visit for more information.

About Nova: Nova Measuring Instrument Ltd. delivers continuous innovation by providing advanced optical metrology solutions for the semiconductor manufacturing industry. Deployed with the world's largest integrated-circuit manufacturers, Nova's products deliver state-of-the-art, high-performance metrology solutions for effective process control throughout the semiconductor fabrication lifecycle. Nova's product portfolio, which combines high-precision hardware and cutting-edge software, supports the development and production of the most advanced devices in today's high-end semiconductor market. Nova's technical innovation and market leadership enable customers to improve process performance, enhance products' yields and accelerate time to market. Nova acts as a partner to semiconductor manufacturers from its offices around the world. Additional information may be found at

Nova is traded on the NASDAQ TASE under the symbol NVMI Company


Dror David, Chief Financial Officer

Nova Measuring Instruments Ltd.

Tel: +972-73-229-576

E-mail: [email protected]

Investor Relations Contacts:

Hayden/ MS-IR LLC

Miri Segal

Tel: +917-607-8654

E-mail: [email protected]


Brett Maas

Tel: +646-536-7331

E-mail: [email protected]

Nova Measuring Instruments Ltd

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